Terms pt. 10 Flashcards
1
Q
Equal dignities Rule
A
(6) A doctrine of law which states that the power of attorney or contract you use to appoint an agent must have the same degree of formality as any document or form the agent is expected to sign.
2
Q
Equalization factor
A
(5) A mathematical factor used to adjust assessed values of properties in differing taxing jurisdictions. The equalization factor is multiplied by the assessed value. This procedure is normally used when states charge an ad valorem tax based upon local assessed values determined by using different assessment rates.
